1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elixir [45]
3 years ago
11

Diana tells crystal, “i think i’ll sell that camping gear i bought for hiking the pacific trail for $250. i’m never going to mak

e that trip.” this constitutes a(n):
Business
1 answer:
andre [41]3 years ago
4 0

The answer is a statement of future intent. It is a statement of an intention has to do something in the future is not an offer. Agreements to agree arise when two parties are conversing an event involving future transactions which are still in progress. A statement of future intent is not a legally binding contract. It only designates an agreement by the two parties involved in the negotiation to attempt to form a future agreement. An agreement to agree is not binding if the matter under discussion is still in argument. 

You might be interested in
A famous quarterback just signed a contract for $16 mil, providing $3.6 million a year for 4 years. A less famous receiver signe
Damm [24]

Answer:

The PV of the famous quarterback is $11,662,991.56, while the PV of less famous receiver is $12,719,159.63.

Explanation:

Present value (PV) refers to the valuation date value of a stream of income expected to be received in the future.

The PV for each of the two contracts can calculated by using the interest rate of 9%% (i.e. 0.12) as the discounting factor (r) to calculate the PV for each year. The discounting formula to use is (1+r)^n where n represents each relevant year. The calculations are done as follows:

1. For a famous quarterback

Step 1. Calculation of the PV for year

Year 1 PV = $3,600,000 ÷ (1.09)^1 = $3,302,752.29  

Year 2 PV = $3,600,000 ÷ (1.09)^2 =  $3,030,047.98  

Year 3 PV = $3,600,000 ÷ (1.09)^3 = $2,779,860.53

Year 4 PV = $3,600,000 ÷ (1.09)^4 = $2,550,330.76  

Step 2. Calculation of the total PV

This is obtained by adding the PVs of year 1 - 4 calculated above, and this is equal to $11,662,991.56.

2. For a less famous receiver

Step 1. Calculation of the PV for year

Year 1 PV = $3,000,000 ÷ (1.09)^1 = $2,752,293.58  

Year 2 PV = $3,000,000 ÷ (1.09)^2 =  $2,525,039.98  

Year 3 PV = $3,000,000 ÷ (1.09)^3 = $2,316,550.44  

Year 4 PV = $3,000,000 ÷ (1.09)^4 = $2,125,275.63  

Step 2. Calculation of the total PV

This is obtained by adding the PVs of year 1 - 4 calculated above, and this is equal to $9,719,159.63.

In addition, the $3,000,000 is to receive now is added to the $9,719,159.63 as follows:

PV of less famous receiver = $9,719,159.63 + $3,000,000

                                             = $12,719,159.63

Conclusion

Therefore, the PV of the famous quarterback is $11,662,991.56, while the PV of less famous receiver is $12,719,159.63.

5 0
4 years ago
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1.00 par, common shares, t
Verizon [17]

Answer:

1. Dr Stock dividends $60 million

Cr Common stock $60 million

2. $1

Explanation:

Preparation of the journal entry that summarizes the declaration and distribution of the stock split

Journal Entries for Siewert Inc

(In millions)

1. Based on the information given we were told that On June 13, the board of directors of the company declared a 2-for-1 stock split on its 60 million which means that the Journal entry will be recorded as :

Dr Stock dividends $60 million

Cr Common stock $60 million

(To record issue of stock dividend)

2. The Par value per share after split =$1 reason been that split are often in form of stock dividend.

8 0
3 years ago
After purchasing a coffee cup from your local gas station for $5.00, you can always refill your cup for $0.50. The sunk cost of
Law Incorporation [45]

Answer:

$4.50

Explanation:

The sunk cost is the cost that has been incurred and is unrecoverable in the process of taking a financing decision.

If the cost of a coffee cup from a local gas station cost $5.00 and the cost of refill is $0.50, the coffee is the actual element needed and from the refill, it can be estimated that it costs $0.50.

Hence the sunk or unrecoverable cost is the difference between the coffee cup and the refill cost

= $5.00 - $0.50

= $4.50

3 0
3 years ago
Ariel, a federal government employee, works in acquisition and procurement. Federal policies require that in contracting with su
Rus_ich [418]

Answer:

Programmed decision

Explanation:

The programmed decision is the decision which are taken on a daily basis or we can day to day basis or routine basis. It is likely for solving the structured problems

In the given case, since minimum three bids are received and the bid who has less value meets the specification that results in an acceptance

Therefore this case is of Programmed decision

3 0
3 years ago
A car manufacturer ordered 20,000 window assemblies from a supplier. To make sure the assemblies were made to specifications, th
snow_tiger [21]
The answer is “Feedforward”
8 0
3 years ago
Other questions:
  • How has the Timberland Company incorporated the four pillars of its corporate social
    7·1 answer
  • If golfers have increased income, what will happen in the market for golf clubs?
    10·1 answer
  • David borrows $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made month
    6·1 answer
  • Your company had the following transactions during the month of September:Received $500,000 in Cash from investors in exchange f
    13·1 answer
  • Suppose you structured a bond deal for Kanye West that paid him $20 million upfront, with future royalties and streaming revenue
    6·1 answer
  • Assume real per capita GDP in North Midgar is $8,000 while in South Darlinia it is $2,000. The annual growth rate in North Midga
    10·1 answer
  • An economic principle states that the lower the price of a product, the greater the quantity consumers will wish to purchase. Th
    14·1 answer
  • In an attempt to restore equity in the workplace, managers should make sure decision-making processes are fair. For example, emp
    10·1 answer
  • Which of the following helps to avoid wasting resources on goals that CANNOT be
    14·1 answer
  • what attracts you to jpmorgan chase, and specifically, an opportunity in the corporate analyst development program?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!